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Qwest long-distance network getting low-balled

Fri, 06/05/2009 - 9:40am
Brian Santo

Qwest’s attempt to sell its long-distance business has attracted bids less than the $2 billion to $3 billion the company had hoped for.

Verizon and AT&T are believed to be uninterested in acquiring Qwest’s long-distance business.

Speculation has turned to Level 3 Communications, and possibly XO Communications or TW Telecom, according to The Wall Street Journal (story here; subscription required).

Qwest has yet to confirm that it is even conducting the sale; all information is coming largely from the WSJ.

It is well known, however, that Qwest is still struggling to repay billions in debt incurred a decade ago.

More Broadband Direct 06/05/09:
•  SeaChange rolls to 7th consecutive quarter of profitability
•  ACA asks FCC to freeze fees for smallest ops
•  Qwest long-distance network getting low-balled
•  CenturyTel wraps Embarq purchase
•  SCTE seeks nominees for Learning and Development Award
•  Report: Broadband an improving value
•  Report: IPTV set-top boxes cooling off
•  Palm Pre plays hard to get
•  Power-sipping cell phone displays come closer
•  Stock market pares gains after jobs report
•  Broadband Briefs for 06/05/09

 

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